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Aave DAO presented a proposal to integrate the Coinbase exchange’s cbBTC into its V3 on Base and Ethereum mainnet.
СbBTC, Coinbase’s new Bitcoin wrapper offering, is slated for launch in the coming weeks.
Aave DAO has introduced a new EtherFi market as part of its v3 protocol, aimed at improving weETH/stablecoin liquidity.
This launch addresses the increasing demand for stablecoin borrowing, which has grown due to the rising use of wrapped Ether (weETH) as collateral on Aave.
Decentralized crypto platform Aave (AAVE) has emerged as the leader among the top five lending and borrowing protocols, recording over $24 million in fees over the past 30 days.
Aave enables users to create liquidity markets, allowing them to earn interest by supplying or borrowing assets.
Despite a promising partnership proposal with BlackRock, Aave’s token continues to decline this week. The integration plan, involving BlackRock’s USD Institutional Digital Liquidity (BUIDL) fund and Aave’s platform, has yet to influence the token’s short-term performance positively.
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Crypto whales are back, this time accumulating AAVE, the native token of the decentralized lending platform. This buying spree follows a massive 40% rally over the last seven days.
AAVE is currently trading at $137.93, outperforming all other altcoins in the top 100.